Francis Wee - Huttons Asia Pte Ltd

18/11/2021

HDB announced the launch of 4,501 flats under Nov 2021 BTO exercise. Of interest is the additional subsidy HDB is offering for buyers of PLH flats and the clawback subsidy.

Looking at the price of Rochor flats, they are priced very similar to the BTO flats at Kallang. HDB has already adjusted the prices to take into account the additional subsidies but they did not want to reveal the actual subsidy. The PLH 4-room flats are also smaller than the usual 90 sq m.

The BTO exercise at Telok Blangah in May 2021 starts from $602,000 for a 4-room flat. The Rochor 4-room flats are priced from $582,000 which is $20,000 lower. The additional subsidies may be more than $20,000 if we account for time, differences in location, and smaller flat size.

It is difficult to say whether the clawback subsidy is fair since there is no precedent. We did a simple comparison on what buyers might have to pay back to HDB when they sell 16 years (construction period 71 months and 10 years MOP) down the road.

If the future selling price for a 4-room flat is $1 million, with a clawback subsidy of 6%, sellers will have to pay back $60,000 to HDB. This amount appears to be almost similar to the additional subsidy HDB is giving upfront to buyers.

Resale Price of $1.0 million
Clawback Subsidy Percentage of 6%
Clawback $60,000
Based on the assumption of the lowest-priced flat at $582,000 and a resale price of $1 million

Nevertheless, we expect a good response to the Rochor PLH flats. The higher price, smaller flat size, and clawback subsidy are not likely to deter buyers. The application rate may range from 4 to 6 similar to past BTO exercises.

The Tengah flats may have potential in the future. Centralized cooling systems, greenery, and smart solutions may mean the homes are designed for the future. Furthermore, they are closer to the MRT station.

The Yew Tee flats for seniors may see popular demand. It is integrated with healthcare services like a polyclinic and kidney dialysis center. The community club and hawker center are all integrated. Its location right next to an MRT station means the elderly do not need to walk far or take a bus to a train station. The whole development is designed with accessibility in mind for seniors.

11/02/2021

Firstly we would like to wish everyone a Happy 牛 Year! 新年快乐!
牛年快乐! 牛气大吉! 工作顺利, 财源广进!! 阖家欢乐! 岁岁平安!
We would like to thank you for all the support in the year 2020. 🙏
Let's do the same or rather even better for 2021! Let's go! 💪

20/10/2020

RTD innovative and proactive approach to the Real Estate market enables the salesperson to attend and address every individual clients’ needs efficiently.

Personalised Intelligence Report is a game-changer in the industry with lots of exciting and smart features.
It significantly assisted RTD salesperson to communicate better and successfully convert sales enquiries from various marketing channels.

Clients are strongly value-added and enriched by RTD salesperson, purchasing the best properties swiftly.
Thankful for the new wonderful write-up and testimony from the 3 major property portal.

Below article brought you by PropertyGuru:
https://www.propertyguru.com.sg/property-management-news/2020/10/193704/realising-the-dream-to-last-a-lifetime

Let’s meet to see how these amazing platforms can enhance your sales today!







When you’re a property agent, you don’t just facilitate the transaction of a building. You’re there to realise the dream of a lifetime. The dream of a young couple looking for their first nest as they spread their wings in the world; to the dream of a place for their growing family to call ‘...

01/10/2020

Wishing everyone Happy Mid-Autumn Festival!
皓月闪烁，星光闪耀，中秋佳节，美满快乐！

18/06/2020

RTD would like to express our sincere and most heartfelt thanks to our Head Trainers Terence Soon and Hugo Xu, as well as all Trainers for their spearheading and sharing at the weekly RTD Training Programmes during Circuit Breaker.

We have achieved phenomenal results during a tumultuous time and this would not have been possible without your selfless contribution. Thank you for making RTD great!

26/05/2020

If you own a property or plan to purchase a property in Singapore. Please spend 28 mins to listen and understand the outlook for the residential property market.

Property - Who, What, Where, When, Why and How?
Drop me a message and I'll share more in-depth analysis with you!

There’s no let-up on the bleak projections for the Singapore economy this year and one big sector Singaporeans will be watching closely is the property market. What impact will COVID-19 have on the private and HDB markets? What choices can homeowners make and when should they move? Is it possible ...

23/05/2020

May this Eid bring joy and love to your heart and create all the opportunities of success for you! Eid Mubarak.

20/05/2020

Come and join us on a Virtual Tour Presentation over the weekend! Just PM me for an invite!

23rd May (Saturday) from 4PM to 5.30PM
District 19 (North-East Region)
Riverfront Residences, Florence Residences, Affinity @ Serangoon and SengKang Grand Residences

24th May (Sunday) from 3PM to 5.30PM
District 14, 15, 17 & 18 (East Region)
The Tapestry, The Jovell, Seaside Residences, Parc Esta, Olloi and Tedge

Property - Who, What, Where, When, Why and How?
Drop me a message and I'll share more in-depth analysis with you!

19/05/2020

𝐖𝐚𝐢𝐭 𝐟𝐨𝐫 𝐩𝐫𝐢𝐜𝐞𝐬 𝐰𝐢𝐥𝐥 𝐠𝐨 𝐝𝐨𝐰𝐧 𝐟𝐮𝐫𝐭𝐡𝐞𝐫 𝐨𝐫 𝐭𝐚𝐤𝐞 𝐚𝐜𝐭𝐢𝐨𝐧 𝐧𝐨𝐰?
𝐄𝐢𝐭𝐡𝐞𝐫 𝐲𝐨𝐮 𝐭𝐚𝐤𝐞 𝐭𝐡𝐞 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐠𝐢𝐯𝐞𝐧 𝐭𝐨 𝐲𝐨𝐮 𝐧𝐨𝐰 𝐨𝐫 𝐰𝐢𝐥𝐥 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐰𝐢𝐥𝐥 𝐩𝐫𝐢𝐜𝐞 𝐲𝐨𝐮 𝐨𝐮𝐭?

You must be thinking that this is 🅽🆄🆃🆂! With so much uncertainty and there are still people buying?
1 thing for sure that is certain is that the construction cost will raise!

"𝐍𝐨 𝐝𝐨𝐮𝐛𝐭" 𝐜𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐜𝐨𝐬𝐭𝐬 𝐢𝐧 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 𝐰𝐢𝐥𝐥 𝐫𝐢𝐬𝐞 𝐚𝐟𝐭𝐞𝐫 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐜𝐢𝐫𝐜𝐮𝐢𝐭 𝐛𝐫𝐞𝐚𝐤𝐞𝐫: 𝐋𝐚𝐰𝐫𝐞𝐧𝐜𝐞 𝐖𝐨𝐧𝐠

𝐍𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐌𝐢𝐧𝐢𝐬𝐭𝐞𝐫 𝐋𝐚𝐰𝐫𝐞𝐧𝐜𝐞 𝐖𝐨𝐧𝐠 𝐬𝐚𝐢𝐝 𝐚𝐭 𝐚 𝐩𝐫𝐞𝐬𝐬 𝐜𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝐲𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐭𝐡𝐚𝐭 𝐜𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐜𝐨𝐬𝐭𝐬 𝐰𝐢𝐥𝐥 𝐫𝐢𝐬𝐞 𝐚𝐬 𝐚 𝐫𝐞𝐬𝐮𝐥𝐭, 𝐚𝐧𝐝 𝐚𝐥𝐥 𝐢𝐧 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 𝐦𝐮𝐬𝐭 𝐛𝐞 𝐩𝐫𝐞𝐩𝐚𝐫𝐞𝐝 𝐭𝐨 𝐛𝐞𝐚𝐫 𝐭𝐡𝐞𝐦.
90 secs video from CNA: https://youtu.be/bWsIAg1dM6o

𝓓𝓮𝓿𝓮𝓵𝓸𝓹𝓮𝓻𝓼 𝓼𝓸𝓵𝓭 277 𝓷𝓮𝔀 𝓹𝓻𝓲𝓿𝓪𝓽𝓮 𝓱𝓸𝓶𝓮𝓼 𝓲𝓷 𝓐𝓹𝓻𝓲𝓵 𝓭𝓮𝓼𝓹𝓲𝓽𝓮 𝓬𝓲𝓻𝓬𝓾𝓲𝓽 𝓫𝓻𝓮𝓪𝓴𝓮𝓻 𝓶𝓮𝓪𝓼𝓾𝓻𝓮𝓼.
https://www.edgeprop.sg/property-news/developers-sell-277-new-private-homes-april-despite-circuit-breaker-measures

The figures in MAY might not lose out to APRIL.

Property - Who, What, Where, When, Why and How?
Drop me a message and I'll share more in-depth analysis with you!

New safe distancing regulations for the construction industry to restart after the COVID-19 circuit-breaker period will drive up costs, National Development ...

05/05/2020

𝐀 𝐟𝐞𝐰 𝐒𝐞𝐜𝐨𝐧𝐝𝐬... 𝐉𝐮𝐬𝐭 𝐚 𝟗𝟎 𝐒𝐞𝐜𝐨𝐧𝐝𝐬 𝐑𝐞𝐚𝐝.

There's always a group who will always be saying, Let's wait, the prices will come down, the market will crash.

When the prices go down, the market dips/slides, do these people take action? The answer mostly is, no.
Because, they will always say, it will go down further.
Either that or they are not ready.

Would you buy when the prices are low or when it's high?
The answer is always to buy low and to sell high.

To take advantage of any opportunity, you have to be ready, in position to jump on the chance when it presents, YES?
So, ask yourself have you been preparing and where is your position at this point?

"𝐁𝐞 𝐅𝐞𝐚𝐫𝐟𝐮𝐥 𝐰𝐡𝐞𝐧 𝐨𝐭𝐡𝐞𝐫𝐬 𝐚𝐫𝐞 𝐠𝐫𝐞𝐞𝐝𝐲, 𝐚𝐧𝐝 𝐛𝐞 𝐠𝐫𝐞𝐞𝐝𝐲 𝐰𝐡𝐞𝐧 𝐨𝐭𝐡𝐞𝐫𝐬 𝐚𝐫𝐞 𝐟𝐞𝐚𝐫𝐟𝐮𝐥" - 𝐖𝐚𝐫𝐫𝐞𝐧 𝐁𝐮𝐟𝐟𝐞𝐭𝐭.

Did you know that a $21.68 million GCB sale was concluded during the Circuit Breaker and no viewings were held? The buyer drove around the neighbourhood several times to view the location and look at the site and shape of the land.

https://goodyfeed.com/bungalow-sold-cb/

Besides that, 17 projects in Singapore continue to sell well during Circuit Breaker over the last 1 week!
Buyers continue to see opportunity amidst a crisis.

𝐃𝐨𝐧'𝐭 𝐰𝐚𝐢𝐭 𝐭𝐨 𝐛𝐮𝐲 𝐫𝐞𝐚𝐥 𝐞𝐬𝐭𝐚𝐭𝐞, 𝐁𝐔𝐘 𝐑𝐄𝐀𝐋 𝐄𝐒𝐓𝐀𝐓𝐄 & 𝐖𝐀𝐈𝐓!

Purchasing a property will mostly be one of the largest purchase in your life so please have a well-thought plan that covers all angles, entry and exits.
Because, if you fail to plan, you plan to fail.

New launch prices have started to come down as we speak. Hold your horses, get ready and be in position because developers will most likely lower the prices further in the coming months.

Why do you think units are still selling at this point when no viewings are allowed? The developers have already started to reduce their prices that's why units are moving now.
More units will be sold when developers reduce prices further but will your choice unit be still available?

Either you can continue to sit and wait for everything to slowly sell out or the next launch with a higher land bid with a higher price tag.
I can share more in-depth research if you are keen.

So I urge you if you're serious to progress on your real estate journey, be ready.

I wish you all the best in your real estate journey and feel free to drop me an inbox for free advice and sharing of market insights. No Obligations.

02/05/2020

We would like to thank you all for your support.
We shall continue to strive for excellence and share our knowledge, advising our friends and clients in their real estate journey.

Thank you for all the selfless leaders in Huttons for sharing research and the numerous training provided.

We will win this virus battle together, and emerge even stronger!
Stay healthy and Safe!